LAOPU GOLD (06181) intends to offer approximately 4.50% discount to sell 3.7118 million new H shares, with a net proceeds of approximately HKD 2.707 billion.

LAOPU GOLD (06181) announces that on October 21, 2025 (after trading hours of the Stock Exchange), the company has entered into a placing agreement with the placing agent. According to this agreement, the placing agent has conditionally and solely (and not jointly or jointly and severally) agreed to act as the company's agent to use its best efforts to procure no fewer than 6 placees to subscribe for 3.7118 million new H shares in accordance with the terms of the placing agreement and at the price of HK$732.49 per H share. The placing shares represent approximately 2.66% and 2.15% of the existing issued H shares and total issued shares as of the date of this announcement, and approximately 2.59% and 2.10% of the enlarged H shares and total issued shares after the issuance and placement of the placing shares (assuming that there has been no change in the total issued shares of the company from the date of this announcement to the closing date, except for the issuance and placement of the placing shares). The total nominal value of the placing shares under the placing will be RMB 37.118 million. The placing price per H share is HK$732.49, representing a discount of approximately 4.50% to the closing market price of HK$767.00 per H share on the Stock Exchange on October 21, 2025 (i.e. the placing agreement date). The company will issue the placing shares under the general mandate. The company will apply for the listing and trading of the placing shares on the Stock Exchange. The net proceeds from the placing, amounting to approximately HK$2.707 billion, will be used as follows: (1) 70% for inventory reserve; (2) 10% for store expansion, optimization of existing store locations, and area extension; and (3) 20% for supplementing working capital and general corporate purposes.